The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
A meeting of the Board of Directors of The Great Eastern Shipping Company Limited is scheduled on 27/12/2021, to consider and approve a proposal for buy-back of equity shares of the Company.
After decent reversal from down trend, currently trading in range from past 2 weeks.
Current range is 353 to 369 - Below Monthly and weekly VWAP
Below 200 SMA but possible support from 50 SMA
Wait for clear trend before taking trade
If cross 369 and sustains - we will see 389 and 415 as next targets
Incase if breaks - 331 and 296 will be next targets...
This is for educational purpose only. GE Shipping is near to its long term support line and will give an upside move. First target 400
Second target 480
